173 User Reviews
FINMARKET offers its traders with an inclusive trading experience, meaning a full basket of over 150 tradable assets, a selection between 3 different trading platforms and transparent financial operation. What else? All in the next…
With several offices worldwide, FINMARKET maintains its headquarters in Cyprus, one of the most popular trading broker destinations, thanks to the firm regulation center it holds. This brokerage offers Forex and CFD online trading services and manages its financial activity under Cyprus Securities and Exchange Commission regulation (CySEC), together with a Cyprus investment firm K-DNA Financial Services Ltd. Thanks to its CySEC certification, FINMARKET is able to offer wide-range online trading services to all EU members, applying its MiFID compliance credentials.
In addition to that, FINMARKET is one of the few regulated brands which holds CySEC advanced level 2 account managers, employing professionals who have a vast background in the compliance domain.
FINMARKET offers over 150 tradable assets, both individual and wrapped in CFDs, wide selection of cryptocurrencies, over 50 Forex currency pairs such as EUR/GBP, EUR/USD, AUD/JPY, major stock market indices such as NASDAQ, FTSE and S&P 500, commodities including Crude Oil, Gold, Silver, Coffee, and over 160 individual stocks of strong market holders like Amazon, Apple, Netflix.
Other than offering a wide range of popular market assets, FINMARKET makes sure that its traders are up-to-date with current market news and events, by offering assets related to current market trends, and are in high demand on real-time. The Cannabis based product market, for instance, presents a growing financial influence. You can find stocks of Cannabis-based-product companies offered as current tradable assets on the FINMARKET platform.
Account types, spreads, commissions & leverage
There are 5 main account types offered by FINMARKET whereas the Blue, the basic account type, requires a minimum deposit of $250. Next there is the Silver account type, the Gold account, Elite account and the Islamic account, while all types offer an STP (Straight Through Processing) brokerage execution and negative balance protection. The different account types offer diverse features, while the main difference between them all leans on the lower average spreads. The spreads vary according to the chosen account and float from 0.4 pips (Blue), Silver – float from 0.2, Gold – float from 0.1, Elite – float from 0.1, Islamic – float from 0.65 pips.
The maximum leverage stands at 30:1 as per compliance with CySEC regulation standards, and commissions change according to the traders’ operation. For instance, a $5-$10 commission per lot is applied upon position opening for traders with a Platinum account.
A demo account is also available to enable traders to practice their performance, assisted with elaborated market analysis and detailed charting, which are available on the site as a part of FINMARKET’S trading tools.
FINMARKET offers a choice between 3 popular trading platforms: MT4, Web Trader & Mobile Trader.
The Web Trader platform presents a highly user-friendly interface, offering modern visual trends, trading cubes, one-click trading and interactive social trading features.
The Mobile Trader platform maximizes the trades potential as it enables a smooth operation based on efficiency.
MT4 is one of the most commonly utilized platforms in the online trading community, and is used in almost 90% of the forex brokerages that operate in today’s industry, mostly due to the platform’s integrated trading tools, advanced charts and indicators.
Deposits & withdrawals
FINMARKET’s customers are able to perform deposits using wire/credit transfer, together with an offered electronic payment channel – Ecommpay.
Withdrawals are applied using the same payment method the customer made a deposit with.
Customer funds & InfoSec
As a part of the CySEC regulation requirements, FINMARKET’s traders are safeguarded by the Investor Compensation Fund, meaning each trader is covered up to €20,000 in case the company pauses all activity. Clients’ funds are segregated from the company’s operational funds, and all personal and financial information is transmitted via SSL encryption.
Education & customer support
FINMARKET displays a diverse academic center through which traders, at any level, can utilize as a personal educational center for bettering their trades:
- Real-time market updates
- Trading strategies
- Social trading
- METATRADER tutorials
- Forex eBooks
- Personal account manager
- Diverse trading tools
- Daily market reviews
- Forex VOD library
- Offered London Stock Exchange course
If you need any kind of assistance, financial or technical, FINMARKET operates a 24/5 available support formation, 9am to 9pm, Monday to Friday, as well as a Live Chat function.
FINMARKET stands out in the crowd as a high-standard-regulation forex & CFD broker, providing its customers with a clean trading environment. With multiple offered assets, a wide selection of trading tools & platforms, together with a strong InfoSec formation, this brokerage is one to get serious with.